Anti Money Laundering Training

Anti-Money Laundering Training

With the enactment of Proceeds of Crime legislation and Money Laundering Regulations, a tremendous burden has been placed on the financial sector. The cost to the industry runs into tens of millions of pounds and it doesn’t stop there. It is a requirement, under the legislation, for directors or partners of an affected business, to train their staff in recognising and dealing with suspicious transactions. Indeed it is a criminal offence punishable with as much as two years imprisonment if staff are not trained.

Our managing director, Peter Ferguson, is a former police officer who, whilst serving, was a member of the Association of Chief Police Officers working party on the subject as well as being an NCIS accredited financial investigator.

We have developed a training package for all levels in your business that is delivered on-site, not by way of a distance-learning package. The content covers the origins of money laundering, the rationale behind the legislation, the legal obligations imposed on both the individual and the business, how to recognise and deal with suspicious transactions and is illustrated with practical examples.

In addition we also offer Anti-Money Laundering workshops. Again, these are delivered on site and take the form of round table meetings where practitioners have an opportunity to discuss everyday occurrences that they are facing. The legislation is still very much untried and there is little case law that has refined the interpretation of the law. As the onus is on the individual rather than the corporate body, it is essential that staff have the confidence to deal with these issues.

Call us today with no obligation. Alternatively please visit our website at www.corporatefraudsolutions.co.uk to find out more about us and the range of services that we can offer.